Treasury must come around to the obvious: The UK needs London December 10, 2021 In the mid-1970s, a bankrupt New York City went begging to the federal government in Washington DC for a bailout. It had got itself into immense financial difficulty; indeed, it was bankrupt. The President, Gerald Ford, effectively said no. The New York Post’s headline the day after was simple, but iconic: “Ford tells City: Drop [...]
Will autonomous vehicles succeed in revolutionising travel? December 6, 2021 Investors have a bird’s-eye view of the driverless revolution happening before their eyes Recently, Cruise, the autonomous vehicle subsidiary of General Motors, announced that they plan to have one million or more autonomous vehicles in their fleet by 2030. In late September 2020, the research arm of Toyota Motor Corporation, Woven Planet, acquired Renovo, an automotive operating system software [...]
Ollie Phillips: Chiefs vs Saracens could be the match of the season… so far December 2, 2021 The international players are back at their clubs and so is the Premiership, and in this blockbuster weekend of games we have the hottest match-up of the season so far. Chiefs vs Saracens There is no love lost between Exeter Chiefs and Saracens. Tony Rowe was shouting from the rooftops about Sarries deserving relegation after [...]
Everrati Land Rover Series llA review: electric icon November 30, 2021 Everrati has converted a classic Land Rover Series IIA to electric power. Is the result sacrilegious or inspired? We drive it to find out.
Rivian: America’s next top model? November 26, 2021 In 2020, despite a global pandemic making it more difficult for anybody that wanted to grab a beer at the end of a long work-day, Anheuser-Busch – the makers of Budweiser and a whole range of other alcoholic drinks – brought home revenues of a cool $46bn. Listed in New York, its market cap stands [...]
Dan Loeb’s Third Point rakes in $300m profit from Rivian IPO November 24, 2021 Dan Loeb’s hedge fund Third Point was one of several winners from electric vehicle startup Rivian’s blockbuster US IPO earlier this month, scoring a $300m profit as it hit the market. Third Point’s stake in Rivian, whose $100bn IPO was the biggest market debut in the world this year, was accumulated over the last twelve [...]
Rugby in review: England’s year dissected November 24, 2021 Former Sale Sharks winger and 55-cap England back Mark Cueto, and City A.M.’s Matt Hardy, dissect Eddie Jones’ side across 2021. It’s been an extraordinary year for rugby. Initially empty stadiums, new found stars and the development of world class squads. For England though, it hasn’t all been plain sailing. So just how has this [...]
Two charts that show global supply chain issues could be starting to ease November 15, 2021 Supply chain issues that have weighed on the economic recovery are showing signs of easing as we approach the end of 2021. This could support growth, which slowed significantly in the third quarter, and provide at least a temporary tailwind for financial markets. For some time now, the global chip shortage has hampered the production [...]
All new cars will be net zero by 2040, says COP26 declaration November 10, 2021 Representatives from several governments, businesses and other automotive stakeholders have committed for all new car sales to globally be net zero by 2040. By signing the COP26 “declaration on zero emission cars and vans”, stakeholders have agreed that in leading markets the transition to environmentally conscious vehicles will need to happen no later than 2035, [...]
Car rental Hertz ups its share expectations ahead of relisting November 9, 2021 Shareholders of Hertz increased the size of their public offering of shares by 20 per cent, ahead of plans to relist on the Nasdaq.